Schedule C Expenses

[davidsilverman2-]

If I receive self-employed Schedule C income in 2024 relating to work done in 2023, can I now (in 2024) deduct the 2023 expenses relating to that income?

[Bsch4477 · Accepted solution]

No. Assuming that you are on a cash basis you report income in the year received and expenses in the year you paid them. 

[davidsilverman2-]

Thanks for the prompt response.  Not the answer I was hoping for but it is what it is.